The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Days before the first Federal Reserve meeting of 2025, Trump said that he would "demand" lower interest rates – but the politically independent central bank isn't beholden to the president's ...
The Dual Mandate and the Balance of Risks, Federal Reserve. Accessed April 29, 2024. The History and Future of the Federal Reserve’s 2 Percent Target Rate of Inflation, Council on Foreign Relations.
While inflation has normalized in recent months, large fiscal impulses and the looming specter of trade tariffs could potentially reassert inflationary pressures.
The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.